News Digest Item
02 Mar 2018

Daimler becomes sole owner of car2go on road to car-sharing venture with BMW

Reuters / Daimler

German premium carmaker Daimler will buy its long-standing joint venture partner Europcar’s 25 percent stake in car2go in its quest for greener pastures that might even include a car-sharing alliance with German rival BMW, reports Reuters. With the move, Daimler will take full ownership of car2go Europe GmbH . Mercedes owner Daimler and BMW, Germany’s two biggest luxury carmakers, are already in discussions to combine their car-sharing services car2go and DriveNow, a source familiar with the talks told Reuters earlier this year. The two companies want to build a joint business, which includes car-sharing, ride-hailing, electric vehicle charging, and digital parking services, writes Reuters. In January, BMW paved the way for a merger with Daimler’s car-sharing service when it bought out car rental service Sixt from their joint venture DriveNow.

Read the article in English here, and find the Daimler press release in English here.

See the CLEW dossier German carmakers and the Energiewende for background.

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